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Question 9 (1 point) Marcus's daughter is a freshman at a university. She plans to study abroad during her last semester at the university. The
Question 9 (1 point) Marcus's daughter is a freshman at a university. She plans to study abroad during her last semester at the university. The abroad program will cost her $10,000. Marcus wants to pay for the program. How much money does Marcus have to set aside today in order to pay for the program three years from now? The money will be invested in a CD which pays 5% interest rate compounded annually. Question 10 (1 point) You find an investment that promises 15% in returns every year. You put $1,000 into this investment today and do not take any monies out for 50 years. How much will your investment be worth in 50 years
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